German software company SAP has agreed to pay its larger competitor, Oracle, $120 million to partially settle allegations of intellectual-property theft. But it’s only the first part of the settlement; you can expect more to co…
The Federal Deposit Insurance Corp sued 11 former executives and directors of a failed bank as it works to recover as much as $2 billion suffered by one of its funds during the financial crisis.
The FDIC filed the lawsuit in the U.S. District Court of…
A federal judge refused a request by Fabrice Tourre of Goldman Sachs (GS) to dismiss an SEC fraud lawsuit, months after Goldman settled its part in the case for $550 million.
The lawsuit accused Goldman of creating collateralized debt obligations (CD…
Jury selection for a major copyright case involving Oracle and its smaller competitor SAP started in Oakland, Calif., on Monday, marking the beginning of a trial between the two software rivals that’s been more than two years i…
The trustee in charge of the bankruptcy of Bernie Madoff’s investment firm spent $26.9 million in the six months ended Sept. 30. In that time, it has recovered $849,000 for the victims of Madoff’s Ponzi scheme.
The single largest expense for the period was $15.8 million in legal fees to trustee Irving Picard’s law firm, Baker Hostetler, Bloomberg News reported.
Of the funds…
Continue reading Madoff Trustee Spent $26.9 Million, Recovered $849,000
Madoff Trustee Spent $26.9 Million, Recovered $849,000 originally appeared on DailyFinance on Mon, 01 Nov 2010 08:16:00.